Forecast: Fossil Energy Energy Supply in Turkey

Fossil energy supply in Turkey has experienced notable fluctuations over the past decade. From 2013 to 2023, fossil energy supply increased from 1.1579 million GWh to 1.5964 million GWh. Key variations include a significant rise of 8.61% in 2017 and a dip in subsequent years, with a notable resurgence of 10.55% in 2021. The year 2023 saw a 2.05% increase from 2022. The Compound Annual Growth Rate (CAGR) for the last five years (2018-2023) stood at 1.87%. The forecasts for 2028 show a growth to 1.7522 million GWh, with an average annual growth rate of 1.48%, forecasting an overall increase of 7.62% over these five years.

Future trends to watch for include:

• Potential shifts in energy policies aiming to reduce reliance on fossil fuels.
• Investment in renewable energy sources and their impact on fossil energy demand.
• Global economic conditions influencing Turkey's energy import capabilities.
• Technological advancements in energy efficiency and their adoption rates.
• Regulations and environmental policies that could drive significant changes in the energy mix.